Find Legal Information

48.180 Financial information submitted as part of executive branch budget request.

Download pdf

Page 1 of 1 48.180 Financial information submitted as part of executive branch budget request. In addition to the information required by KRS 48.110, the Governor shall submit the <br>following information as a separate part of the branch budget request for the executive <br>branch of government: <br>(1) Summary statements of the financial condition of the state, which shall include such detailed schedules of revenues and summary of expenditures by fund as specified by <br>law in addition to those the Governor deems desirable; and summary statements of <br>the estimated fund balances for the current fiscal year and each of the next two (2) <br>fiscal years; and statement of the surplus account for the general fund and the road <br>fund, for the budget reserve trust fund account, and for each special fund. Each <br>surplus account shall show the excess of all current revenues over all current <br>expenditures as of the beginning of each of the two (2) fiscal years last concluded, <br>and all changes in each surplus account during each of such two (2) fiscal years. (2) A statement as of the close of the last completed fiscal year and as of the close of the current fiscal year, showing for the Commonwealth the total funded debt, the <br>value of sinking fund assets, the net funded debt, the floating liabilities as of the <br>close of the last completed fiscal year and the estimated floating liabilities as of the <br>end of the current fiscal year, and the total debt as of the close of the last completed <br>fiscal year and as of the close of the current fiscal year. (3) A summary statement for each major fund of the cash resources estimated to be available at the beginning of each of the next two (2) fiscal years, and the estimated <br>cash receipts of the fiscal year. (4) Such other information as is deemed desirable or is required by law or regulation. Effective: November 3, 1995 <br>History: Amended 1995 (3d Extra. Sess.) Ky. Acts ch. 2, sec. 4, effective November 3, 1995. -- Created 1982 Ky. Acts ch. 450, sec. 9, effective July 1, 1983.